Not in the 2020 Dumpster Fire: Home Sales
The Federal Housing Finance Agency (FHFA) has announced new loan limits for 2020! The maximum conforming loan limit for one-unit properties in most parts of the U.S. is increasing to $510,400, up from $484,350 in 2019.
IF YOU ARE THINKING ABOUT PURCHASING A NEW HOME NOW MAY BE THE BEST TIME. WATCH ALLAN AND LAURA TO LEARN MORE.
A key step in getting a mortgage is prequalifying. Mortgage prequalifying is like having a guide when you climb a mountain – the mortgage lender will help you go through the mortgage application process. This necessary and helpful step gives you and your mortgage lender a clear picture of your financial standing and credit worthiness. It also reveals any items you need to shore up to get the loan.